Joseph K
It’s no surprise Salesforce’s shareholders are demanding a reset
The hedge fund attack on Salesforce is being interpreted by some as a shareholder backlash against stakeholder capitalism…similar to previous attacks on Unilever and Danone. And certainly, CEO Marc Benioff is a champion of the stakeholder movement. He founded his company on an innovative “1-1-1” model that dedicates funds and employee time to charity and community service; he has been a relentless campaigner on behalf of oceans and the environment; and he triggered the trend toward CEO activism with his 2015 attack on Indiana’s religious liberties law, which was seen as restricting LGBTQ rights.
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